Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 21
OVS S.p.A., Annual General Meeting, May 29, 2026 OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italy Annuncio • Apr 18
OVS S.p.A. announces Annual dividend, payable on June 24, 2026 OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 04
OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a.
Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A.
OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025. Annuncio • Jun 17
OVS S.p.A. (BIT:OVS) commences an Equity Buyback Plan for 16,249,886 shares, representing 6.59% of its issued share capital, under the authorization approved on May 30, 2025. OVS S.p.A. (BIT:OVS) commences a share repurchases on June 9, 2025, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on May 30, 2025. As per the mandate, the company is authorized to repurchase up to 16,249,886 shares, representing 6.59% of its share capital. The shares will be repurchased such that the total number of ordinary shares in the portfolio as a result of the purchases does not exceed 10% of the company's share capital from time to time. The purchase price cannot be either more or less than 10% of the reference price recorded by OVS shares on the day before the one in which the purchase operation will be carried out. The purpose of buyback program is to carry out, directly or through intermediaries, any investment transactions, also to contain anomalous movements in share prices, to stabilize trading and price performance, and to support the share’s liquidity on the market, for subsequent use, to service remuneration and incentive plans based on financial instruments reserved for the directors and employees. The authorization is valid till November 30, 2026. As of April 15, 2025, the company held 255,032,123 issued shares, including 8,412,114 treasury shares.
On June 6, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 6,000,000 shares for €20 million. Annuncio • Apr 19
OVS S.p.A. announces Annual dividend, payable on June 25, 2025 OVS S.p.A. announced Annual dividend of EUR 0.1100 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. Reported Earnings • Sep 25
First half 2025 earnings released First half 2025 results: Revenue: €762.1m (down 1.1% from 1H 2024). Net income: €21.7m (down 2.5% from 1H 2024). Profit margin: 2.8% (down from 2.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe. New Risk • Sep 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Jul 17
OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa. OVS S.p.A. (BIT:OVS) signed a letter of intent to acquire an unknown minority stake in Goldenpoint Spa on February 6, 2024. OVS S.p.A. (BIT:OVS) entered into agreement to acquire an unknown minority stake in Goldenpoint Spa on April 2, 2024. Goldenpoint has a turnover of almost €100 million. The key terms of the letter of intent envisage a possible initial investment by OVS in Goldenpoint through the simultaneous acquisition of a minority stake and the subscription of a financial instrument that, in the medium term, could be converted at OVS’s discretion into a controlling stake. The remaining share capital may be subject to put&call options in favour of the parties, exercisable within time windows to be determined. The finalization of the agreement remains subject to the positive completion of the due diligence activities and the other typical conditions for this type of transaction. Roberto Cappelli, Raffaella Ceglia, Raffaela Tortora and Gabriele Montanaro of Studio Legale Cappelli RCCD acted as legal advisor to OVS S.p.A. on the transaction. Luca Saraceni, Cecilia Frangini and Alessandra Mioni acted as legal advisor to Goldenpoint Spa.
OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa on July 16, 2024. Upcoming Dividend • Jun 17
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.7%). Reported Earnings • Apr 19
Full year 2024 earnings released Full year 2024 results: Revenue: €1.54b (down 3.5% from FY 2023). Net income: €52.4m (up 34% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Upcoming Dividend • Feb 12
Upcoming dividend of €0.03 per share at 2.7% yield Eligible shareholders must have bought the stock before 19 February 2024. Payment date: 21 February 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.8%). Annuncio • Dec 25
OVS S.p.A., Annual General Meeting, Jan 24, 2024 OVS S.p.A., Annual General Meeting, Jan 24, 2024, at 14:30 Central European Standard Time. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.55 per share. New Risk • Sep 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Sep 23
First half 2024 earnings released First half 2024 results: Revenue: €734.9m (flat on 1H 2023). Net income: €33.7m (up 43% from 1H 2023). Profit margin: 4.6% (up from 3.2% in 1H 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Upcoming Dividend • Jun 12
Upcoming dividend of €0.06 per share at 2.3% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.9%). Reported Earnings • Apr 20
Full year 2023 earnings released Full year 2023 results: Revenue: €1.51b (up 6.7% from FY 2022). Net income: €39.6m (down 18% from FY 2022). Profit margin: 2.6% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Germany. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Luxury industry in Germany. Total returns to shareholders of 56% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 22
First half 2023 earnings released: EPS: €0 (vs €0.074 in 1H 2022) First half 2023 results: EPS: €0. Revenue: €705.8m (up 14% from 1H 2022). Net income: €31.9m (up 88% from 1H 2022). Profit margin: 4.5% (up from 2.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Luxury industry in Germany. Annuncio • Jul 29
OVS S.p.A. (BIT:OVS) acquired BVM SPA. OVS S.p.A. (BIT:OVS) acquired BVM SPA on July 27, 2022.
OVS S.p.A. (BIT:OVS) completed the acquisition of BVM SPA on July 27, 2022. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.62, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Luxury industry in Germany. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.92 per share. Upcoming Dividend • Jun 13
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.7%). Reported Earnings • Apr 27
Full year 2022 earnings released Full year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 13% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 23
Full year 2022 earnings released Full year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.3%, compared to a 13% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €1.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.68 per share. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.21, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Luxury industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.56 per share. Reported Earnings • Sep 24
First half 2022 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: €599.2m (up 55% from 1H 2021). Net income: €17.0m (up €92.9m from 1H 2021). Profit margin: 2.8% (up from net loss in 1H 2021). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to €1.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Luxury industry in Europe. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.41 per share. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS €0.15 (vs €0.62 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.06b (down 26% from FY 2020). Net income: €35.0m (up €175.4m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Annuncio • Apr 18
OVS S.p.A. Provides Earnings Guidance for the Fiscal Year 2021 OVS S.p.A. provided earnings guidance for the fiscal year 2021. For the year, The company expects that the sales will be lower compared to 2019 and higher compared to 2020. The company expects first quarter with the top line better than last year. Second quarter, reasonably with the top line much better than last year. Third quarter may be in line. And the fourth quarter, hopefully, much better than last year because, hopefully, not impacted by lockdown again because by the second part of the year. Reported Earnings • Apr 17
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.02b (down 29% from FY 2020). Net income: €35.1m (up €175.5m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). Is New 90 Day High Low • Mar 11
New 90-day high: €1.27 The company is up 25% from its price of €1.02 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.45 per share. Annuncio • Feb 16
OVS S.p.A., Annual General Meeting, May 28, 2021 OVS S.p.A., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Jan 09
New 90-day high: €1.15 The company is up 16% from its price of €0.99 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.49 per share. Annuncio • Dec 17
OVS S.p.A. announced that it expects to receive €80 million in funding OVS S.p.A. (BIT:OVS) announced a private placement of €80 million in a round of funding on December 15, 2020. The transaction has been approved by The Extraordinary Shareholders' Meeting. The company will issue common shares in the transaction. The transaction is expected to be closed by July 31, 2021. Is New 90 Day High Low • Dec 05
New 90-day high: €1.08 The company is up 34% from its price of €0.81 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €1.04 The company is up 19% from its price of €0.87 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.50 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.77 The company is down 15% from its price of €0.91 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €1.02 The company is up 6.0% from its price of €0.96 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of €186.9m, with earnings decreasing by €211.6m from the prior year. Total revenue was €1.10b over the last 12 months, down 23% from the prior year.